Red Rock Resorts price target lowered to $54 from $58 at Barclays

Barclays analyst Brandt Montour lowered the firm’s price target on Red Rock Resorts (RRR) to $54 from $58 and keeps an Overweight rating on the shares as part of a Q1 preview for the gaming sector. Underlying gaming markets are “generally behaving resiliently,” but a protracted economic slowdown will hurt Las Vegas more than regionals and digital, the analyst tells investors in a research note. The firm says the Macau segment “looks closest to de-risked.”